BPI backs energy deal, boosting nation’s infrastructure development
The Bank of the Philippine Islands (BPI) has solidified its role as a enabler of national infrastructure with its successful financing of I Squared Capital’s (ISQ) acquisition of the Philippine Coastal Storage and Pipeline Corporation (PCSPC), a landmark transaction with significant corporate and commercial implications.
Microsoft to lay off 6,000 workers globally
Microsoft is laying off around 6,000 employees—nearlyw 3 percent of its global workforce—in its biggest job reduction since 2023, as the Washington-based tech giant continues to streamline operations in response to shifting market conditions.
Shell Pilipinas maintains strategic investment amid profit decline
Shell Pilipinas Corp. (SPC) is pressing ahead with a disciplined investment strategy, committing between P2 billion and P3 billion annually in capital expenditures for 2025 and 2026, despite posting a steep 47.1 percent drop in first-quarter net income.
Meat imports surge nearly 26% in 1Q, highlighting domestic supply gaps
Meat imports surged by 25.9 percent in the first quarter of 2025 compared to the same period last year, driven primarily by higher pork and chicken shipments, according to data from the Bureau of Animal Industry (BAI).
BOC NAIA seizes P4.4M worth of ecstasy, heroin in parcels
The Bureau of Customs at the Ninoy Aquino International Airport (BOC-NAIA) today (13 May 2025) confiscated six parcels containing Ecstasy and heroin valued at approximately PhP4.43 million.
